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Category: ripple technical analysis

Why Ripple Price Holding Above $0.8 Fails To Excite Investors?

Ripple dealt with massive bearish calls last week amid the drop from levels slightly above $1. Many analysts believed that the cross-border money transfer token headed for a significant dive to the support in May at $0.65 and perhaps extend the down leg to $0.5. However, XRP eagerly embraced support at $0.8, allowing bulls to

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Ripple Price Forecast: XRP technical levels fade while freefall to $0.65 beckons

Ripple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June. In the last week, the overall general outlook in the market has seen XRP bulls fight a losing battle. Initially, buyers

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Ripple Price Analysis: XRP lags price action ahead of a 34% launch to $1.44

Ripple scaled several resistance levels after the drop to $0.8 last week. The upswing coincided with another win bagged by Ripple Lab attorneys against the Securities and Exchange Commission (SEC) in the ongoing lawsuit. The US SEC was seeking access to Ripple’s communication records when it inquired about the sale of XRP tokens. Judge Sarah

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Ripple Price Prediction: XRP slides beneath $1, but bulls lock eyes on $1.2

Ripple remarkably cleared the path to $1 after the nerve-shattering breakdown to $0.65. Moreover, the price lifted to $1.07 before losing momentum. On Wednesday, the primary battle was to keep XRP afloat at $1, although bulls lost the bid. A correction came into the picture, forcing Ripple to explore the area under $1 again. The

The post Ripple Price Prediction: XRP slides beneath $1, but bulls lock eyes on $1.2 appeared first on Coingape.

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Ripple enters the NFT space to lower gas fees as XRP price tiptoes above $1

Ripple intends to deal with high gas fees in the non-fungible token (NFT) marketplaces. Despite the NFT flooding the cryptocurrency space headlines, especially in the first quarter of 2021, high gas fees have almost crippled the sector. The drastic rise in the NFT culture is a story to reckon with; however, users are forces to

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Ripple price back to the drawing board, will $1 hold ahead of recovery toward $1.6?

Ripple seemed to hold above $1.2 amid the trading on Wednesday. Ripple had shown resilience for a few days as it controlled the correction from $0.71. Several tentative anchor zones had been established, including the confluence formed at $1.4 by the 50 Simple Moving Average (SMA), the 100 SMA on the four-hour chart. The flash

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Ripple Price Prediction: XRP lethargic trading draws closer to 130% liftoff

Ripple’s consolidation between $1.2 and $1.6 is still underway. The massive weekend losses in the cryptocurrency market affected Bitcoin and Ethereum the most as XRP embraced support at $1.3. However, the bearish wave sabotaged the intended upswing to $1.6; thus, a correction kicked off on hitting the resistance at $1.6. Ripple prepares for colossal price

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Ripple price firmly holds crucial support shaking off Bitcoin-triggered selloff

Ripple once again lost steam during an approach to $1.6. A correction began on Wednesday as bears put pressure on the support areas at $1.5 and $1.4, respectively. The news that Tesla had suspended Bitcoin payments for its electric vehicles sent the market in bloodshed led by BTC’s drop under $50,000. Ripple could resume uptrend

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Ripple Price Prediction: XRP selling slows down while buyers make a comeback

Ripple appears to have renewed the uptrend following the flash drop from $1.6 to $1.2. Overhead pressure seems to be diminishing as bulls take control. Several hurdles have already been overcome, whereby XRP currently trades at $1.52. Ripple’s slightest resistance path is upward The cross-border money transfer token is immediately supported by the 100 Simple

The post Ripple Price Prediction: XRP selling slows down while buyers make a comeback appeared first on Coingape.

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